Hydro One (TSE:H) Price Target Raised to C$48.00 at National Bankshares

Key Points

• National Bankshares has raised its price target for Hydro One from C$47.00 to C$48.00, while maintaining a "sector perform" rating, suggesting a potential downside of 5.33% from the previous close.
• Other analysts have given mixed outlooks; TD Securities raised their target to C$54.00 with a "hold" rating, while Raymond James decreased their target to C$45.00, indicating the variability in market sentiments.
• As of the latest update, Hydro One shares traded at C$50.70, with a one-year market capitalization of C$30.40 billion and a significant historical price range between C$42.52 and C$53.98.

Hydro One (TSE:H - Get Free Report) had its price target upped by analysts at National Bankshares from C$47.00 to C$48.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bankshares' price target indicates a potential downside of 5.33% from the company's previous close.

A number of other equities analysts have also issued reports on H. TD Securities increased their price objective on Hydro One from C$52.00 to C$54.00 and gave the stock a "hold" rating in a report on Thursday. Raymond James Financial decreased their price objective on Hydro One from C$48.00 to C$45.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Desjardins set a C$58.00 price objective on Hydro One and gave the stock a "buy" rating in a report on Tuesday. Royal Bank Of Canada increased their price objective on Hydro One from C$46.00 to C$53.00 in a report on Friday, May 9th. Finally, CIBC decreased their price objective on Hydro One from C$52.00 to C$51.00 in a report on Monday, July 21st. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$51.00.

Hydro One Stock Performance

Shares of TSE:H traded up C$0.29 during trading on Thursday, hitting C$50.70. 268,915 shares of the company traded hands, compared to its average volume of 1,001,420. The stock has a market capitalization of C$30.40 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 3.17 and a beta of 0.34. The business's fifty day moving average is C$49.16 and its 200-day moving average is C$48.70. Hydro One has a one year low of C$42.52 and a one year high of C$53.98. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53.

Hydro One Company Profile

Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results.

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